As at 30 June 2026, the Group has established a total of 20 logistics hub projects in Guangdong Province (including the Greater Bay Area), of which 19 projects (including 9 in Shenzhen) were in operation or under management, with a total operating area of approximately 3.19 million square meters, accounting for approximately 37% of the Group’s total operating area. The occupancy rate of its mature logistics parks was approximately 87.1%.

Projects in Shenzhen

SZI Western Highway Freight Logistics Hub (SZ Bao’an), located in Bao’an District of Shenzhen, has a site area of approximately 75,000 square meters and a planned gross floor area of approximately 159,000 square meters, and commenced operations at the end of 2025. The project is a National Production Service-oriented Logistics Hub in Shenzhen and one of the seven major gateway-type logistics hubs planned by the Shenzhen Municipal People’s Government. It is also the first successfully launched highway logistics hub project under Shenzhen’s three-tier “7+30+N” logistics station layout plan.

SZI Intelligent Logistics Hub (SZ Liguang), located in Longhua District of Shenzhen, has a site area of approximately 45,000 square meters and a gross floor area of approximately 217,000 square meters. It has a high plot ratio comprising six aboveground floors and two underground floors and has commenced operations in 2023. The park is equipped with various warehousing facilities, including cold storage, ambient storage and automated stereoscopic warehouses, along with e-commerce incubation and operation centers and ancillary service centers.

SZI Intelligent Logistics Hub (SZ Yantian), located in Yantian District of Shenzhen, has a site area of approximately 32,000 square meters and a gross floor area of approximately 91,000 square meters, and commenced operations in early 2024. The project has served as one of the Group’s modern and premium-standard “Multi-story Warehouses” and “Bonded Logistics+” demonstration projects. The project focuses on high-value-added comprehensive logistics services such as bonded warehousing, cold chain logistics, international distribution and cross-border e-commerce.

SZI Intelligent Logistics Hub (SZ Pingshan), located in Pingshan District of Shenzhen, has a site area of approximately 120,000 square meters and a gross floor area of approximately 286,000 square meters, and commenced operations in December 2024. The project is a “Demonstration Base for Deep Integration of Manufacturing and Logistics Industries” within Shenzhen’s “20+8” strategic emerging industry clusters, and is an “Intelligent Logistics Shared Service Center” for “9+2” strategic emerging industries in Pingshan District.

SZI Intelligent Logistics Hub (SZ Pingshan East), located in Pingshan District of Shenzhen, has a site area of approximately 267,000 square meters and a gross floor area of approximately 94,000 square meters. The project benefits from cluster synergies with adjacent logistics hub projects operated by the Group, enabling opportunity for collaborative development within the area.

SZI Kanghuai E-commerce Center, located in Longhua District of Shenzhen, has an operating area of approximately 143,000 square meters. It is the first asset-light management service project operated by the Group. It provides a wide range of services, such as logistics and warehousing services, large-scale data centers, office towers, dormitories and restaurants.

SZI Western Logistics Park, located in Qianhai Pilot Free Trade Zone of Shenzhen, has an operating area of approximately 91,000 square meters. The project is operated by the Group through government lease after realizing the benefits of land consolidation and preparation in Qianhai. It provides comprehensive services including bonded logistics, warehousing and storage, loading and unloading, customs declaration and on-site value added services.

SZI Intelligent Logistics Hub (Shenzhen Qianhai), located in Shenzhen’s Bao’an District, is jointly developed by the Group and Shenzhen Qianhai Construction Investment Holding Group Co., Ltd. (深圳市前海建設投資控股集團有限公司), which hold 49% and 51% equity interest in the project company, respectively. In early 2026, the project company successfully acquired the land parcel for the development. Spanning approximately 58,000 square meters of site area and a planned gross floor area of approximately 79,000 square meters, the project is positioned as a critical modern public logistics hub along the Shenzhen-Zhongshan Link.

Projects in the Greater Bay Area

SZI Intelligent Logistics Hub (Foshan Nanhai), located in Nanhai District of Foshan, has a site area of approximately 76,000 square meters and a gross floor area of over 89,000 square meters, and commenced operations in the second half of 2024. 

SZI Intelligent Logistics Hub (Foshan Shunde), located in Shunde District of Foshan, has a site area of approximately 200,000 square meters and a gross floor area of approximately 329,000 square meters, and officially commenced operations in March 2025.

SZI Intelligent Logistics Hub (Zhongshan Torch), located in Zhongshan Torch Hi-tech Industrial Development Zone, has a site area of approximately 58,000 square meters and a gross floor area exceeding 66,000 square meters.

SZI Intelligent Logistics Hub (Foshan Gaoming), located in Gaoming District of Foshan, has a site area of approximately 157,000 square meters and a gross floor area of approximately 185,000 square meters. It commenced operations in November 2025.

SZI Intelligent Logistics Hub (Zhaoqing Gaoyao), located in Gaoyao District of Zhaoqing, has a site area of approximately 100,000 square meters and a planned gross floor area of approximately 108,000 square meters. It commenced operations in November 2025.

Other Key Projects in Guangdong Province

SZI Logistics Hub (Zhanjiang), located in Mazhang District of Zhanjiang, has a site area of approximately 110,000 square meters and a gross floor area exceeding 90,000 square meters, and commenced operations in the second half of 2024. 

SZI Logistics Hub (Jieyang), located in the High-tech Industrial Development Zone of Jieyang, has a site area of approximately 96,000 square meters and gross floor area of approximately 109,000 square meters.The project commenced operations in June 2026.

Railway Integrated Logistics Hub

Shenzhen International Integrated Logistics Hub Center (the “Pinghunan Project”)

In August 2021, the Group partnered with China Railway Guangzhou Group Co., Ltd. to establish a joint venture company, Shenzhen Municipal Shenzhen International Railway Logistics Development Company Limited, with the purpose of investing in and developing the Pinghunan Project. In September 2019, the Pinghunan Project was selected by China’s National Development and Reform Commission and the Ministry of Transport as one of 23 logistics hubs in the first batch of national logistics hub projects. It has also been selected as a key construction project in Guangdong for three consecutive years and as a major project in Shenzhen for four consecutive years.

For the Pinghunan Project, the Group pioneered a model involving the construction of multi-story logistics and warehousing facilities atop a conventional railway freight yard and the acquisition of ownership rights over the over-track logistics structures through strata title registration. This created a three-dimensional development configuration featuring railway operations below and intelligent warehousing above, realizing the integrated development of “railway transportation + modern logistics”.

The Pinghunan Project comprises a multifunctional warehousing complex with a gross floor area of 850,000 square meters constructed above the railway yard. It features 11 logistics warehouses, 2 auxiliary buildings, and 4 vehicular ramp systems. Its diverse business formats include approximately 550,000 square meters of high-standard warehousing, approximately 45,000 square meters of cold storage, intelligent warehousing, consolidation and distribution, urban delivery and cross-border e-commerce. The project is capable of meeting a full range of requirements, including raw material storage for manufacturers, e-commerce distribution, and fresh food cold chain logistics. The park also integrates ancillary services such as bulk commodity consolidation and distribution and green energy operations encompassing photovoltaic generation, energy storage, and charging, thereby establishing an integrated industrial ecosystem spanning warehousing, transshipment, ancillary facilities, and services. The project commenced operations in June 2026.

Updated on 17 September 2026